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NIFTY 09 May Plan aheadMarket Bytes 09-May-2016 Nifty futures: On our Fridays Market bytes edition we discussed that 7700-05 will hold a key base for the markets. This got respected pretty well despute a gap down opening. This further rep inforced the level. We discussed that the range of 7700-7900 is going to probably hold fort for coming sessions. On the upside immediate hurdle lies at 7850. so the idea will be to look at the base of 7700 and target the levels of 7830-50 in the swing or intraday day play. overall not much of a plan change from last plan. #nifty #nseindia #sensex #stock
NSE:NIFTYLong
by PowerTrades
9
NIFTY 02-May-Plan for the coming sessionsMarket Bytes 02-May-2016 Nifty futures: NIFTY Futures played to the script on Friday, we had discussed that the base now remains at 7830-50 range and upside hurdle is at 7920-30 zones . Markets respected the base and managed to pull back and and made a high below 7920. The script for the coming session remains the same; look to take a breakout trade above 7950 and a breakdown below 7830 on the downside. Within this range we better play a pullback specially from the tops. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
8
NIFTY Future respects 7850- unfilled gaps remain tooMarket Bytes 27-Apr-2016 Nifty futures: NIFTY Futures formed a perfect technical case of a double bottom set up and pull back. We had time and again emphasized that 7850 holds a support range and is the key. Once that level was sustained for the second time we saw a massive pull back. Yesterday's pull back in the late hours was witnessed with high volumes with significant lonside rollovers to the next month futures. This also included lot of short covering positions. Few days back we mentioned that the upside probably has some steam left to test the 8150 levels as well; so far it looks on course for it. Coming to near term trading for next two days considering expiry; immediate hurdle lies at 8030 zones. This is something that is likely to be respected for this series. In case its taken out we can see another round of dash to the 8100 zones. Until that happens we could markets to trade between the 7920-8020 range and take contrarian trades within this range.New swing positions can further be added in dips to 7930 or in a clear break out of the 8035 range. An interesting point to note NIFTY turns positive for the YTD on a closing basis :) #nifty #nseindia #sensex #stock
NSE:NIFTYLong
by PowerTrades
2
NIFTY 21 Apr- What Lies Ahead Market Bytes 21-Apr-2016 Nifty futures: Not much of a change in the trading plan. We had discussed that 7850 will be the new base and hurdle lies at 7980. Yesterday daespite all the momentum the futures felt short of 7980 (High Made: 7959.50). Also on the downside NIFTY futures marked a low near 7890 levels well above the base and once that level was confirmed upside pull back was confirmed. We are likely to test the 7980 levels today. If that level is respected expect another round of upside from there for higher levels in coming sessions. (Missed posting my post for 20-Apr here- Will Post it as a comment) #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
4
NIFTY on verge of an Interesting SetupMarket Bytes 07-Apr-2016 Nifty futures yesterday we had discussed a narrow trading range between 7600 and 7650 and markets did exactly hover between that range (Low High: 50 points of each other). In that perspective the high low of yesterday becomes more imperative. Specifically on the downside we have a major support zone at 7600 levels. This was also the failed breakout top markets created on 02nd Jan before the fall. If that level cracks we can see a re test of 7430 and 7250 ( this was an unfilled gap in the up move) in coming weeks. At the same time in case we happen to move ahead above 7650-80 range it can be a good trade set up for a low risk swing trade on the upside. Do note witht eh earnings season coming up, that may well set the tone. One thing that is a word of caution for the bears is that the VIX is still within 18 and has not managed to breakout. That can serve an additional confirmation for shots in case 7600 breaks. For day trading near term opportunity can be scalping for contrarian trades. ( which I managed a few successful one yesterday :) ) within the given range. Menawhile its prudent to wait for a conclusive move outside the range. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
5
Nifty Week 4 Apr-7650-80 is it a base?Market Bytes 04-Apr-2016 Nifty futures has been holding up strong since it cleared the 7680 , the fact that it made higher bottoms twice and didnt breach the range means that market momoentum is strong and the base of 7680-7700 will provide a strong immediate support and will be a good point of reference for longs even at this stage. Immediate intra day trend decider could be the congestion zone of 7750 range. Above this could mean a more positive strength. On the upside trading targets for swing trades can be 7785 and 7835 levels. #nifty #nseindia #sensex #stock
NSE:NIFTYLong
by PowerTrades
1
Nifty Futures -29 Mar-Staring at another consolidation Market Bytes 29-Mar-2016 Nifty futures Last time we discussed on 22nd that the swing trend decider was 7680. This level got breached in yesterday's trade and now will hold a signficant swing resistance.On the downside immediate day trading support remains at 7620. If the markets manage to hold these levels. then expect markets to trade in a range between 7620-80 levels. Best case in this scenario will be to look for pullback trades within this trading range. On the downside a break below 7620 could give a trading opportunity to test the 7580 range. This was the consolidation breakout range.where we created the swing longs (check the posts from 12-18th March). Would expect markets to hold on to this zone for this series atleast. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
1
NIFTY-14-Mar-More Time in the zone?Next TradesMarket Bytes 14-Mar-2016 Nifty Futures: we had discussed a broader range of 7430-7550. That range alomost got tested on both sides and yet failed to clear on either side ensuring we continue in the range. For immediate entries I had 7510 in mind. This gave about 32 odd points. Now that we are back in the thick of the zone. We will again be tempted to take the trades above 7510 on the long side and 7430 on the downside. Upside above this is possibly the 7730 range and downside first major test will be 7320. #nifty #nseindia #sensex #stock
NSE:NIFTYLong
by PowerTrades
4
NIFTY 09-Mar- What's can be the Next key level?Market Bytes 09-Mar-2016 Nifty Futures: Yesterday we discussed that markets had rallied too much too soon and needed a pause. The Trading range being 7550-7430. WE saw a berach of 7430 and then markets managed to pullback and close above it.I found it difficult putting together a trading plan yesterday as I was not convinced on how deep will be the retracement to take a pullback trade. Fortunately yesterday's range now provide an indication. I would say if we hold 7430 levels look for a pullback trade on the upside. Below that range the range of 7365-80 can be tested. Overall 7280-7300 provides a great swing support and somewhere near that range is where swing pullback longs can be re initiated. Lets watch out for the range if we see it tested. Else a break above 7550. The strength of the rally will indeed be decided on how deep will be the retracement. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
6
NIFTY 2-Mar- Quite a set upMarket Bytes 02-Mar-2016 Nifty Futures: Wow, These are some of the days where markets change swing trends in a session and suddenly we are talking about different swing levels and trading zones. Yesterday's trade turned out to be quite straight forward and hopefully a good one for most; we marked to long above breakout 7130.On 22nd Feb we marked pivotal levels of 7230 and this was definitely the target for the trades. Almost doing the first swing hurdle in a single session. Next up; markets have a next swing high at 7350 levels. Question is if we open and trade above it; it will still be a risky fresh long.comfort zone will be to see retracements till 7270-80 zones. But it all depends on the price action and the momentum. On the upside strong swing hurdles come at 7430-50 range. This is where i expect the rally to be challenged. If that level is reached we can have a sweet contrarian opportunities there. Till then ride the trend ; Dont jump in for a contrarian trade. Wait for it to cool off. Our swing long as planned yesterday got active above 7130 and booked part as well near 7220. #nifty #nseindia #sensex #niftyfutures #budget2016
NSE:NIFTYLong
by PowerTrades
NIFTY 1-Mar- Post Budget and beyondMarket Bytes 01-Mar-2016 Nifty Futures: Quite an action packed session which no significant net change. justifying our thesis that the net change isnt much. NIFTY closed at less than 1% net change. Another key takeaway is that we had stated multiple times (Our post for 12th Feb-2016) that we see a market base at 6830. Yesterday the spike low made was at 6833 , almost exact levels isnt it? Could we trade that; well not much of it as we booked it a tad earlier this time around. But we did take a good stab on the pull back trade once we were comfortable that the base looks set for the day. The range formed yesterday specially the zone of 6960-7130 is going to be a range where markets will tend to be choppy indicating we may have some testing times ahead in the near term session. Idea will be to trade pull backs within this range and trade a breakout of this range. That is try and take longs with 6950 SL and try and take short from higher levels with 7130 SL and reversals above. I have posted an hourly charts at twitter.com #nifty #nseindia #sensex #niftyfutures #budget2016
NSE:NIFTY
by PowerTrades
NIFTY Future Trade Plan Week 14 Feb-2016Market Bytes 15-Feb-2016 Nifty Futures:Friday we restated that we see a bottom at 6800-6830 levels against the tide of the trend. This proved so correct as NIFTY managed to hold on and make a low of 6875 to bounce back from there. Expect 6850-75 to be a bottom for now and this could be used for swing long trades.For intraday trades our immediate suport base can be 6980 levels. Expect near term upside movement upto 7080 and 7130 levels. Lets use 6980 as a trend decider and look for short trades below as well for down side retracements upto 6920-30 levels. #nifty #nseindia #sensex #trading #intraday #shares
NSE:NIFTYLong
by PowerTrades
11
NIFTY Long Term Outlook-What to PlanMarket Bytes 12-Feb-2016 Nifty Futures:For yesterday's session we had mentioned that SBI results will the trend decider in many ways. So it was indeed. The stock turned the tide of the market. Traded with the highest quantity and volume yesterday, as a testament to our hypothesis. Did we catch the move; well nah for the first half where we never got into a pull back. But we also recall that we had mentioned that 7130 was the level on the downside. So, what do we do when that level was broken; take your trades there and well it went to give more than 130 points in the same day. Now for the current session, 7020-30 is the immediate trend decider levels. Holding below it we will continue to see the downside. Above it can see a pull back till 7100 levels. That zone can be a good point to attempt shorts again with with stops above 7150. This will also be a good point to discuss the long term outlook. many of our friends asked whats the swing major levels. Well, I will state the same thing that we mentioned few months back, we see markets support at 6800-6830 zones. I will expect this levels to hold and well aggressively look for a bounce back from there. This will be a good point to take your investment purse out as well. #nifty #nseindia #sensex #trading #intraday #shares
NSE:NIFTY
by PowerTrades
1
NIFTY Futures Trading Plan Week-09 FebTrading Idea Nifty Futures: NIFTY Futures few sessions ago we had discussed that 7430 was the trend decider and above that 7550 was a possibility, that target nearly got done in yesterday's session, after that markets paused and went to crash and test our trend decider all over again. Both sides provided a decent trading opportunity in last few sessions. Next up it will be important for markets to trade and move above the trend decider to get bullish again On the downside immediate support is at 7375 below this and if it manages to hold that level; we can attempt a pull back trade. Else below that can be potential fresh shorting opportunity for 7310 and lower. #nifty #nse #trading #sensex
NSE:NIFTYShort
by PowerTrades
6
NIFTY Trade Plan- Week 02-Feb-2016Market Bytes 01-Feb-2016 Nifty Futures: Quite a bounce in the start of the new series here and at a good pace. The bounce happened on well spread out volumes indicates a good support base can be established. For last session we had mentioned that 7400-7420 can be the immediate support base for a pull back. On friday markets made a low at 7404 and sharply pulled back.NIFTY Futures closed above the strong hurdles of 7530 and that can form as a immediate base for considering immediate longs. On the upside 7620 is the next immediate hurdle a break out above it can prove another trading opportunity also if that level holds it can provide a low risk contrarian trades with stops above 7650 odd levels. #nifty #nseindia #sensex #trading #intraday #shares
NSE:NIFTY
by PowerTrades
3
NIFTY Trade Plan-Week 25-Jan-2016Market Bytes 25-Jan-2016 Nifty Futures: or Friday we had discussed that for the first time "Downside short Risk for the first time looks to have a lesser rewad versus a pull back long" and what a pull back was that. we had mentioned that 7270 will be the key and above that usides targets are 7340 and 7420. markets exactly did both the targets. Coming to the current session,7400-10 will be the key trend decider levels. If markets manage to hold above this expect some more upside and a test of 7470 levels and above that 7530 will hold a key hurdle. On the downside a contrarian short trade below 7400 can go on to test 7350-60 levels. Expect to be a less volatile session as we close in towards expiry and also a holiday next day. #nifty #nseindia #sensex #trading #intraday #shares
NSE:NIFTY
by PowerTrades
4
NIFTY Trade plan Week-19 JanNifty Futures: On the note for 13th we had discussed that 7440 and 7350 are downside swing targets. Both The targets are done. This will be a key zone to watch out for now. Further shorts if any has to be taken with caution. Best would be to rather wait for pull backs. 7580 and 7700 are the upside hurdle zones and trades can be taken at those levels based on price action. On the downside a sustained move below will call for fresh shorts. ALso for the contrarian i beleive this is the first contrarian opportunity for trading a pull back in these zones. On the downside strong swing supports are at 7100 levels.
NSE:NIFTY
by PowerTrades
NIFTY Trade plan week 11 Jan 2016Nifty Futures: NIFTY while it managed to hold on to to the 7580 levels and staged some sort of a pull back, weak global cues will mean we may now crack that level and open below it. It will be importanat to see if NIFTY futures manages to stay and trade below 7550 in that can the levels of 7580-50 now can be used as a stop for a fresh trade on the downside with targets of 7440 and 7280 on the downside. on the upside if it manages to hold 7550 then a low risk pull back can be initiated.
NSE:NIFTY
by PowerTrades
4
NIFTY Trade Plan-Week 7 JanNifty Futures: NIFTY Future managed to latch on to the 7750 levels that we discussed yesterday . But it did provide two trade opportunites as per the plan one was short from 7840 levels and the other a pull back trade frm 7760 levels. The pull back short also provided a good swing short trading opporunity with low risk. for intraday traders 7750 will hold the key, if markets hold below it expect downsides to be tested. While swing positions will continue for intra traders next levels will be 7705 levels. if trading below it can take fresh shorts with downside targets of 7550-80 levels. #nifty #nseindia #sensex #trading #intraday #shares
NSE:NIFTYShort
by PowerTrades
5